4 more arrested in Tamil Nadu loan app scam

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While tracing the contacts, the CCB team arrested S Manoj Kumar, SK Muthukumar who ran Azacus Techno Solutions Pvt Ltd, Jagadeesh, a distributor of Vodafone, and Sijahudeen, director of territory sales for Vodafone.

Two Chinese nationals and as many Indian nationals have been arrested for allegedly operating instant loan apps in Chennai.

Tamil Nadu Central Crime Branch has arrested four other defendants, including two Chinese nationals, for launching an online loan application scam in the state.

The arrests took place on January 2.

After further investigation, the CCB team discovered that 1,000 SIM cards had been purchased for the racket.

While tracing the contacts, the CCB team arrested S Manoj Kumar, SK Muthukumar who ran Azacus Techno Solutions Pvt Ltd, Jagadeesh, a distributor of Vodafone, and Sijahudeen, director of territory sales for Vodafone.

A case has been recorded to prove SIM cards without following protocol or acquiring basic details that were used for inappropriate activities.

The four defendants were placed in judicial detention.

The gang ran a call center in Bangalore, employed 110 people, and ran eight different loan applications.

They targeted the cash strapped people. After the loan was granted, the victim had to pay high interest and if the victim missed a payment, the employees verbally abused her and caused stress.

READ ALSO: Loan application racketeering dismantled by Tamil Nadu police, 4 including two Chinese nationals arrested

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